FCC Chairman Kevin Martin resigns, effective Jan. 20

WASHINGTON (MarketWatch) - Kevin Martin, the Republican chairman of the Federal Communications Commission, announced his resignation effective Jan. 20, the day Democrat Barack Obama will be sworn in as president. Martin, who's resignation was expected, is slated to be replaced by Obama's top techology adviser Julius Genachowski, a former FCC aid who's now a venture capitalist. By law the party controlling the White House gets to name the FCC chairman and three of the agency's five commissioners.

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